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Dec 20, 2012
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president obama urges house speaker john boehner to take his deal on the fiscal cliff, calling it something republicans can be proud of. >> susie: i'm susie gharib. the c.e.o. of manufacturer johnson controls says business is looking good for 2013, but going over the fiscal cliff could change that. >> tom: and the u.s. treasury speeds up plans to sell its stake in general motors. is the automaker ready to stand alone? >> susie: that and more tonight on "n.b.r."! >> tom: under the threat of a white house veto, the u.s. house of representatives is expected to vote tomorrow on the republican plan-b to avoid the fiscal cliff. house speaker john boehner thinks the house will okay the package, trying to turn the heat up on president obama to steer clear of automatic tax hikes and government spending cuts due to take affect in 12 days. still, as darren gersh reports, there are some signs the two sides are narrowing their differences. >> reporter: house republicans say they're still working on plan a: a big agreement with the president to cut spending and raise revenues, but they were pushing plan
president obama urges house speaker john boehner to take his deal on the fiscal cliff, calling it something republicans can be proud of. >> susie: i'm susie gharib. the c.e.o. of manufacturer johnson controls says business is looking good for 2013, but going over the fiscal cliff could change that. >> tom: and the u.s. treasury speeds up plans to sell its stake in general motors. is the automaker ready to stand alone? >> susie: that and more tonight on "n.b.r."!...
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Dec 21, 2012
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house approached a vote on the republican's plan "b" to avoid the fiscal cliff. the s&p 500 didn't get any lift from the stronger third quarter economic data, but around 1:30 eastern time, prices began moving higher with the index, finishing at its highest level of the session, up six tenths of a percent. trading volume fell down to 678 million shares on the big board; just under 1.7 billion on the naaq. while all ten major stock sectors were higher, the financial sector had the best day, up 1.4%. materials was the second strongest, up nine tenths of a percent. telecommunications rebounded eight tenths of a percent. with the big news about the big board, the buyout of the n.y.s.e.-euronext, exchange stocks led the way for the financial sector. the n.y.s.e. shot up 34.1%, closing at $32.25 per share. this is its highest price since the summer of 2011, and is less than a dollar below the buyout price om the intercontinental xchange. the deal-making helped shares of nasdaq o.m.x., up 3.5% on heavy volume. big banking stocks also got a boost. a handful of wall street
house approached a vote on the republican's plan "b" to avoid the fiscal cliff. the s&p 500 didn't get any lift from the stronger third quarter economic data, but around 1:30 eastern time, prices began moving higher with the index, finishing at its highest level of the session, up six tenths of a percent. trading volume fell down to 678 million shares on the big board; just under 1.7 billion on the naaq. while all ten major stock sectors were higher, the financial sector had the...
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Nov 30, 2012
11/12
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cliff and shortly after the white house and the democrats answered that the republicans had not offered any of their own plans. is this something that's going to be able to be taken care of while you're still a representative or is it going to land in your lap when you move to the other chamber? >> you know, i hope we get it done, obviously. we want to avoid the cliff. it is a little troubling that we don't have any real plans or oers on the spending side. i think on the revenue side it's pretty clear by knew republicans are willing to give up more revenue, but we've got to see a balance. there's got to be spending cuts and if those have been offered, i'm not sure what they are. >> suarez: are you one of those members who's staked out a position on whether it has to be rates or effective revenue and not rates? >> well, i think it can be effective revenue. obviously it depends on where you put the level of deductions that can be taken. so i'd rather not raise rates at all. i think it can be done without that. but certainly additional revenue is going to be required. >> suarez: the man wh
cliff and shortly after the white house and the democrats answered that the republicans had not offered any of their own plans. is this something that's going to be able to be taken care of while you're still a representative or is it going to land in your lap when you move to the other chamber? >> you know, i hope we get it done, obviously. we want to avoid the cliff. it is a little troubling that we don't have any real plans or oers on the spending side. i think on the revenue side it's...
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Dec 28, 2012
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a positive turn in the fiscal cliff crisis. house republicans agree to meet sunday night to resume talks after a day of finger-pointing and complaining in washington. on wall street, fiscal fears created whiplash for investors: a big stock market sell-off and then bounce back on word that lawmakers are springing back into action. and, if you used your smartphone to shop this christmas, you're in fashion. it was the year's top retail trend. we have that and more tonight on "n.b.r."! a dramatic cliff-hanger today between washington and wall street about the fiscal cliff. stocks initially sold off after senate majority leader harry reid predicted the economy would go over the cliff. speaking from the senate floor he said there's not enough time between now and the end of the year to reach a deal. but stocks erased their losses ithe final hour of trading on news that the house of representatives will reconvene on sunday night to resume talks. by the closing bell, the dow was down only 18 points, bouncing back from a triple digit lo
a positive turn in the fiscal cliff crisis. house republicans agree to meet sunday night to resume talks after a day of finger-pointing and complaining in washington. on wall street, fiscal fears created whiplash for investors: a big stock market sell-off and then bounce back on word that lawmakers are springing back into action. and, if you used your smartphone to shop this christmas, you're in fashion. it was the year's top retail trend. we have that and more tonight on "n.b.r."! a...
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Dec 19, 2012
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the white house knocks down house speaker john boehner's back-up plan to avoid the fiscal cliff. we'll have details on his "plan b." we get an insider's perspective on those talks from roger altman. he was a key adviser in the clinton administration and now, as head of investment firm evercore, he's plugged in to corporate america and wall street. and are apple's hot-selling products cooling off? is the competition winning over even apple's loyal fans? that and more tonight on "n.b.r." john boehner is pushing for his "plan b." this is the latest twist in those crucial fiscal cliff negotiations. the house speaker offered a back-up plan today to avoid falling off the cliff. he promised to bring a bill to the house floor this week that would raise income tax rates for people earning more than $1 million a year and no new spending cuts, for now. the white house immediately rejected it. darren gersh reports. >> reporter: house speaker john boehner says the president is asking for about half a trillion dollars more in taxes than he is willing to cut from spending. that means the two si
the white house knocks down house speaker john boehner's back-up plan to avoid the fiscal cliff. we'll have details on his "plan b." we get an insider's perspective on those talks from roger altman. he was a key adviser in the clinton administration and now, as head of investment firm evercore, he's plugged in to corporate america and wall street. and are apple's hot-selling products cooling off? is the competition winning over even apple's loyal fans? that and more tonight on...
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Jan 1, 2013
01/13
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government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international, who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experiences. >> w
government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international, who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary...
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Dec 4, 2012
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just 28 days to go before the fiscal cliff deadline, today house republicans sent the president a counter-offer, calling for big cuts to entitlement spending, and no new taxes on the wealthy. >> tom: i'm tom hudson. auto sales speed up in november, with buyers taking advantage of ultra-cheap financing to ditch their old cars. >> susie: ford takes the wraps off a new lincoln, taking the brand back to its heritage, but will a re-branding help rev-up sales, we ask ford c.e.o. alan mulally. >> tom: that and more tonight on "n.b.r."! after a weekend of trading accusations over the lack of progress on avoiding the fiscal cliff, both sides now have put their opening offers on the table. last week, it was treasury secretary timothy geithner meeting with top republicans. this afternoon, house speaker john boehner sketched out the g.o.p. proposal in a letter to the white house, and the proposal borrows suggestions from the president's own debt reduction commission, whose plan was ignored last year. the republican letter offered $900 billion in spending cuts from program reforms to medicare and social sec
just 28 days to go before the fiscal cliff deadline, today house republicans sent the president a counter-offer, calling for big cuts to entitlement spending, and no new taxes on the wealthy. >> tom: i'm tom hudson. auto sales speed up in november, with buyers taking advantage of ultra-cheap financing to ditch their old cars. >> susie: ford takes the wraps off a new lincoln, taking the brand back to its heritage, but will a re-branding help rev-up sales, we ask ford c.e.o. alan...
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Dec 29, 2012
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fiscal cliff talks at the white house end with nal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> port: thpresident dec
fiscal cliff talks at the white house end with nal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly...
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Nov 10, 2012
11/12
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streeters remain cautious about the fiscal cliff. meridien equity partners' joe greco says the market doesn't expect it to be resolved this year. >> i think we're going to see a push pull back and forth and we're probably not going to see much compromise until mid to late january. if we don't get things in order by february that's when things can start to get ugly for the markets. >> reporter: with so much short- term risks, greco says retail investors are sitting on the sidelines until congress and the president reach consensus on the fiscal cliff. he says today's buyers were mostly institutional investors. >> you're going to see the bulk of volume just sit it out. because that has been what's worked in the past. if you have a position already it's probably a longer range view in which case no reason to mess around with it in the intermediary push pull. >> reporter: greco says the cliff isn't the market's only challenge. there's still europe's debt crisis and here at home. a long way to go on both the job and housing recoveries. put
streeters remain cautious about the fiscal cliff. meridien equity partners' joe greco says the market doesn't expect it to be resolved this year. >> i think we're going to see a push pull back and forth and we're probably not going to see much compromise until mid to late january. if we don't get things in order by february that's when things can start to get ugly for the markets. >> reporter: with so much short- term risks, greco says retail investors are sitting on the sidelines...
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Dec 19, 2012
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. >> woodruff: the white house had a new proposal on the table today in the fiscal cliff negotiations. house republicans said it fell well short, but the two sides kept at it, hoping to avert across-the-board tax hikes and steep mandatory spending cuts in 2013. >> we're moving closer. let me say that. it looks more encouraging today than it did yesterday. >> woodruff: there were some voices today like california republican congressman wally herger who saw signs of a deal in the works. president obama offered monday to lower his target for new revenue to $1.2 trillion over ten years. down $400 billion fom his first offer. he also raised the threshold for higher tax rates to households making $400,000 a year. instead of $250,000. and he proposed spending cuts of $1.2 trillion from health programs and cost of living hikes for social security. white house press secretary jay carney. >> in the details that have come out about the president's proposal, i think it is clear that he has donstrated good faith and a willingness to meet speaker boehner and the republicans halfway. >> woodruff: bu
. >> woodruff: the white house had a new proposal on the table today in the fiscal cliff negotiations. house republicans said it fell well short, but the two sides kept at it, hoping to avert across-the-board tax hikes and steep mandatory spending cuts in 2013. >> we're moving closer. let me say that. it looks more encouraging today than it did yesterday. >> woodruff: there were some voices today like california republican congressman wally herger who saw signs of a deal in...
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Feb 16, 2013
02/13
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this is the spending part of the fiscal cliff. meantimecongress continues talking about the tax part of the fiscal cliff. this week, a house committee considered limits on tax deductions from charitable donations. american tax paypayers are estimated to have claimed $185 billion in charitable deductions last year. that's the most since before the great recession. there is no complete data for 2011 from the i.r.s. that money represents potentially billions of tax dollars if charitable deductions were limited or eliminated. andrew watt is the president and c.e.o. of the association of fundraising professionals. andrew you testified to that house committee. there already are limits to deducting charitable donations, correct? >> absolutely. >> tom: those limits are set by a percentage of taxable income. is there a better way to do it? >> no i think that's a pretty simple way of doing it and one most people understand. >> tom: it certainly has been the rule for the better part of a couple of generations for american taxpayers. but it b
this is the spending part of the fiscal cliff. meantimecongress continues talking about the tax part of the fiscal cliff. this week, a house committee considered limits on tax deductions from charitable donations. american tax paypayers are estimated to have claimed $185 billion in charitable deductions last year. that's the most since before the great recession. there is no complete data for 2011 from the i.r.s. that money represents potentially billions of tax dollars if charitable deductions...
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Jan 3, 2013
01/13
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members of the house approved a deal to step away from the fiscal cliff. people on wall street had mixed reactions. >> the housing market is turning. house prices are starting to turn up. the economy does look decent as we look at the broader picture for 2013. >> i see job cuts even more so because the fact that most of the companies are in the offshoring mode. >> investors realize that lawmakers have ways to go before they resolve their debt and deficit problems. let's look at closing figures. >>> the deal in congress gave asian markets a boost too. share prices gained ground in the first trading session of the year. investors on the hong kong stock exchange kicked off the new year with a bang. the hsi closed two points higher than on december 31st and surpassed last year's high. the main index in singapore rose. investors can be optimistic about asian markets. they point to the resolution of the fiscal cliff. the chinese economy shows signs of picking up. >>> japanese prime minister is focusing on rebuilding japan u.s. relations in the face of many inter
members of the house approved a deal to step away from the fiscal cliff. people on wall street had mixed reactions. >> the housing market is turning. house prices are starting to turn up. the economy does look decent as we look at the broader picture for 2013. >> i see job cuts even more so because the fact that most of the companies are in the offshoring mode. >> investors realize that lawmakers have ways to go before they resolve their debt and deficit problems. let's look...
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Nov 10, 2012
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the members of our majority understand how important it is to avert the fiscal cliff. that's why the house took action earlier this year to replace the sequester with other types of cuts, and it's also why, over the summer, we passed a bill to extend all of the current tax rates for one year so that we had time to overhaul our tax code. and it's why i outlined a responsible path forward where we can replace the spending cuts and extend the current rates, paving the way for entitlement reform as well as tax reform with lower rates. 2013 should be the year we begin to solve our debt through tax reform and entitlement reform. and i'm proposing that we avert the fiscal cliff together in a manner that ensures that 2013 is finally the year thaour government comes to grips with the major problems that are facing us. this will bring jobs home, result in a stronger, healthier economy, and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground, and i hope the president will re
the members of our majority understand how important it is to avert the fiscal cliff. that's why the house took action earlier this year to replace the sequester with other types of cuts, and it's also why, over the summer, we passed a bill to extend all of the current tax rates for one year so that we had time to overhaul our tax code. and it's why i outlined a responsible path forward where we can replace the spending cuts and extend the current rates, paving the way for entitlement reform as...
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Dec 4, 2012
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. >> with 28 days left to come to a deal on the nation's fiscal cliff, the white house is holding firm on its proposal to raise taxes on the wealthy. spokesman jay carney. >> the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is cessy withut raising rates on the top 2% wealthiest americans. the math simply does not add up. >> ifill: the white house proposes raising $1.6 trillion in taxes over ten years, imposing higher rates on those making more than $250,000 a year. in a letter sent to the white house today, speaker of the house john boehner rejected the president's approach, writing that republicans cannot in good conscience agree to this approach which is neither balanced nor realistic. his counter-offer, save $2. trillion by among other things raising $800 billion in new revenues. the plan would also raise the future eligibility age for medicare and alter medicaid to save another $600 billion. the republican plan would not increase tax rates for the wealthy. the president is campaigning fo
. >> with 28 days left to come to a deal on the nation's fiscal cliff, the white house is holding firm on its proposal to raise taxes on the wealthy. spokesman jay carney. >> the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is cessy withut raising rates on the top 2% wealthiest americans. the math simply does not add up. >> ifill: the white house proposes raising $1.6 trillion in...
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Dec 27, 2012
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president obama and congressional leaders cut their vacations short, to deal with fiscal cliff negotiations. they have five days to make a deal. and housing continues to be the bright spot in the u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues. many consumers hit the malls today to return gifts and buy what they really wanted. and this is the time many gift cards get redeemed. but for retailers, holiday sales so far have been a flop. sales in the two months leading up to christmas, rose just 0.7%, according to mastercard advisors that tracks the numbers. that's way below what the retail industry was predicting. erika miller spoke with retail expert dana telsey and began by asking what happened. >> i think there were a confluence of events, extra long season. hurricane sandy. tragedy in ct. >> none of the events out there were feel good factor events. it was all for consumer morale. >> when you look at the weakness this holiday season, how much of the blame do you put on ret
president obama and congressional leaders cut their vacations short, to deal with fiscal cliff negotiations. they have five days to make a deal. and housing continues to be the bright spot in the u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues. many consumers hit the malls today to return gifts and buy what they really wanted. and this is the time many gift cards get...
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Dec 12, 2012
12/12
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the fiscal cliff debate hits the floor of the u.s. house but not much progress is made. warren buffett and others tell lawmakers to look for more money from the estate tax. >> susie: i'm susie gharib. could another major bond-buying program be on the way? what we could hear tomorrow as federal reserve policymakers wrap up their two-day meeting. >> tom: ever wonder what goes into making those cardboard store displays? tonight, we look at how one box company is using them to reinvent itself. >> susie: that and more tonight on nbr! >> tom: an agreement to ease the fiscal cliff may not be wrapped up and waiting under your tree for christmas. senate majority leader harry reid said today it would be hard to get an agreement finished by the holiday, blaming the delay on republicans. not surprisingly, republicans say the president hasn't gotten serious about the talks. plenty of outside groups are offering up suggestions. and as darren gersh reports, they include warren buffett and some other big names in finance. >> reporter: there was some public movement in the fiscal cliff s
the fiscal cliff debate hits the floor of the u.s. house but not much progress is made. warren buffett and others tell lawmakers to look for more money from the estate tax. >> susie: i'm susie gharib. could another major bond-buying program be on the way? what we could hear tomorrow as federal reserve policymakers wrap up their two-day meeting. >> tom: ever wonder what goes into making those cardboard store displays? tonight, we look at how one box company is using them to reinvent...
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Sep 19, 2012
09/12
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especially the so-called fiscal cliff: >> when you look at the prospect for tax increases and steep spending cuts both hitting the economy at the first of the year, you are talking about the potential for an instant recession. that's what's causing businesses and consumers to hold back. >> reporter: but many americans are hopeful congress will act to avoid the fiscal cliff. assuming that happens, the housing mark is expect to continue gaining momentum, helping the overall economy recovery. erika miller, "n.b.r.," new york. >> susie: joining us now with more analysis, richard dekaser, economist at wells fargo. so do you agree with that last comment and the reporter's package there about housing and the momentum that it has? >> oh, absolutely. i think we've been watching the housing market for three plus years now, and 2009, 10 and 11 were all best described as bouncing a long the bottom. we had some false hopes when rhaps tax incenves stimulated demand, but then they fall back afterwards. but what we're seeing now is very different. the past year, nine months in particular has seen sustained
especially the so-called fiscal cliff: >> when you look at the prospect for tax increases and steep spending cuts both hitting the economy at the first of the year, you are talking about the potential for an instant recession. that's what's causing businesses and consumers to hold back. >> reporter: but many americans are hopeful congress will act to avoid the fiscal cliff. assuming that happens, the housing mark is expect to continue gaining momentum, helping the overall economy...
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Nov 9, 2012
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cliff at the white house tomorrow. and we'll be hearing other views on how to deal with the fiscal cliff in the weeks to come. >> brown: still to come on the "newshour": whither the republican party; what happened in florida; why doctors are encouraging reading and opening day for china's communist party congress. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: wall street's post-election slide extended into a second day. stocks fell on concerns that washington won't be able to come up with a debt deal. the dow jones industrial average lost another 121 points to close at 12,811. the nasdaq fell more than 41 points to close at 2,895. meanwhile, the labor department announced that first-time claims for jobless benefits fell last wee more than one in four workers in greece is now out of a job. the greek government announced today that unemployment topped 25% in august up seven points from the same time last year. and, nearly 60% of young people are now unemployed. the news came as european l
cliff at the white house tomorrow. and we'll be hearing other views on how to deal with the fiscal cliff in the weeks to come. >> brown: still to come on the "newshour": whither the republican party; what happened in florida; why doctors are encouraging reading and opening day for china's communist party congress. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: wall street's post-election slide extended into a second day. stocks fell on...
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Jan 2, 2013
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that is a clear signal that republicans in the house are taking us right over the fiscal cliff. i wished the entire republican caucus was as reasonable as the colleague of mine and friend who is standing right next to me who is a very conservative republican, but a very practical common sense republican. if his colleagues would listen to him, we would be in decent shape here. right now the problem in the republican caucus and the house is compromise has become a dirty word. as you indicated, there are things in this bill that i don't like. there are things in this bill that i don't like. but i recognize that none of us get to have things 100% of our way. and the difference between divided government and dysfunctional government is a willingness to compromise. and compromise is in very short supply today in the house republican caucus. >> suarez: representative van hollen, you heard your colleague tom cole talk about deep misgivings inside the republican caucus. aren't there members of your party who are not overjoyed with what came out of the senate last night? where are the div
that is a clear signal that republicans in the house are taking us right over the fiscal cliff. i wished the entire republican caucus was as reasonable as the colleague of mine and friend who is standing right next to me who is a very conservative republican, but a very practical common sense republican. if his colleagues would listen to him, we would be in decent shape here. right now the problem in the republican caucus and the house is compromise has become a dirty word. as you indicated,...
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Dec 21, 2012
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here's hari sreenivasan. >> sreenivasan: amid the fiscal cliff fight, members of the house and senate paid final respects today to the late senator daniel inouye. the hawaii democrat died monday at the age of 88. he had served as a u.s. senator for five decades. inouye's body lay in state in the capitol rotunda, an honor that's been bestowed on just 31 people. at a service, senate majority leader harry reid called him a legend of the senate. >> senator inouye was one of the deluxe senators to ever walk the hallowed halls of this great building. he leaves behind a legacy of public leadership and private kindness that will not be forgotten as long as these walls stand. dan inouye was an institution, and deserves to spend at least another day in this beautiful blding which he dedicated his life. >> sreenivasan: a memorial service is planned tomorrow at the washington national cathedral. after that, inouye's body will be flown home to hawaii for burial. the people of newtown, connecticut endured a fourth day of funerals for the mass shooting victims at sandy hook elementary school. police
here's hari sreenivasan. >> sreenivasan: amid the fiscal cliff fight, members of the house and senate paid final respects today to the late senator daniel inouye. the hawaii democrat died monday at the age of 88. he had served as a u.s. senator for five decades. inouye's body lay in state in the capitol rotunda, an honor that's been bestowed on just 31 people. at a service, senate majority leader harry reid called him a legend of the senate. >> senator inouye was one of the deluxe...
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Nov 14, 2012
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about the fiscal cliff; and the demand for meat in china. but first, the other news of the day. here's kwame holman. >> holman: another army general, william "kip" ward, has been demoted for unauthorized expenses, and ordered to repay $82,000. the associated press reported today ward was accused of spending lavishly on travel and other items. ward is former head of u.s. africa command. the demotion strips him of a star, meaning he'll retire as a three-star lieutenant general. the u.s. army has wrapped up a hearing for a soldier accused of a massacre in afghanistan. staff sergeant robert bales is charged with killing 16 afghan civilians last march. most of the victims were children. the hearing took place at joint base lewis-mcchord, near seattle, washington. if the case goes to a court- martial and bales is convicted, he could face the death penalty. some two and a half million people have been uprooted from their homes in syria by the raging civil war. the syrian arab red crescent made that estimate today. it's more than double the previous
about the fiscal cliff; and the demand for meat in china. but first, the other news of the day. here's kwame holman. >> holman: another army general, william "kip" ward, has been demoted for unauthorized expenses, and ordered to repay $82,000. the associated press reported today ward was accused of spending lavishly on travel and other items. ward is former head of u.s. africa command. the demotion strips him of a star, meaning he'll retire as a three-star lieutenant general....
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Dec 21, 2012
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we want to talk about the fiscal cliff. we want to talk about white house appointments. we want to talk about gun control and we want to talk about hearings on capitol hill involving benghazi. but i'm pleased to have my friend julianna goldman and al hunt. and al joins me this evening in recognizing that i didn't have a tie, so he joins me. so thank you, sir. >> i love the look, charles. you've been covering the fiscal cliff, where are we? >> it is a big question, it's what white house officials are asking. it's what people on capitol hill are asking. as you mentioned the house is going to be voting on this plan b, the alternate measure that john boehner has proposed. it's likely to pass the house but unlikely to pass the senate. so the white house has threatened that they're going to veto it regardless if it were to get to the president's desk. the big question is what happens there. and ultimately it still needs to come down to the president and speaker boehner getting into a room, this is a deal that only the two of them can hash out. >> i thought that is what they we
we want to talk about the fiscal cliff. we want to talk about white house appointments. we want to talk about gun control and we want to talk about hearings on capitol hill involving benghazi. but i'm pleased to have my friend julianna goldman and al hunt. and al joins me this evening in recognizing that i didn't have a tie, so he joins me. so thank you, sir. >> i love the look, charles. you've been covering the fiscal cliff, where are we? >> it is a big question, it's what white...
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Nov 29, 2012
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the fiscal cliff. with just 33 days left to nail down a deal, c.e.o.s made the rounds to explain to lawmakers that because of cliff gridlock, they're holding back on hiring and spending. as darren gersh reports, c.e.o.s weren't the only ones campaigning hard today. >> reporter: the president and republicans focused today on staging events designed to pressure the other side. the president called on americans to tweet, facebook and call members of congress to tell them to pass tax cuts for everyone making less that $250,000 a year. >> 97% of small businesses would not see their income tax go up by a single dime. even the wealthiest americans would still get a tax cut on the first $250,000 of their income. >> reporter: the speaker dismissed a call from a fellow republican to give the president what he wants, saying it's not good economics to raise tax rates on small businesses. >> going over the fiscal cliff will hurt our economy and hurt job creation in our country. this is not good for our country. it'
the fiscal cliff. with just 33 days left to nail down a deal, c.e.o.s made the rounds to explain to lawmakers that because of cliff gridlock, they're holding back on hiring and spending. as darren gersh reports, c.e.o.s weren't the only ones campaigning hard today. >> reporter: the president and republicans focused today on staging events designed to pressure the other side. the president called on americans to tweet, facebook and call members of congress to tell them to pass tax cuts for...
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Dec 1, 2012
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." >> susie: the fiscal cliff talks are going nowhere. that's the word from john boehner today. the house speaker characterized the negotiations to avoid huge tax increases and spending cuts at a stalemate. the race to solve the fiscal cliff triggered another round of dramatic sound bites from republicans and president obama. darren gersh has the latest. >> reporter: the president is still pushing to wrap up a deal on the fiscal cliff before christmas and just in case anyone missed that point, he visited a toy factory to urge congress to avoid raising taxes on the middle class. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. a typical middle-class family of four would see their income taxes go up by about $2,200. >> reporter: t psidents oposg to raise taxesy $1.6 trillion, while cutting spending by $400 billion. on top of that, mr. obama asked for $50 billion more for infrastructure spending and $140 billion to extend unemployment insurance benefits and the payroll tax cut. republicans literally laughed it off. >> they want... they want
." >> susie: the fiscal cliff talks are going nowhere. that's the word from john boehner today. the house speaker characterized the negotiations to avoid huge tax increases and spending cuts at a stalemate. the race to solve the fiscal cliff triggered another round of dramatic sound bites from republicans and president obama. darren gersh has the latest. >> reporter: the president is still pushing to wrap up a deal on the fiscal cliff before christmas and just in case anyone...
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Jan 3, 2013
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but last night, before leaving, he welcomed house approval of the fiscal cliff bill. >> a central promise of my campaign for president was to change the tax code that was too skewed towards the wealthy at the expense of working middle- class americans. tonight, we've done that. >> reporter: the final vote in the house was 257 to 167 on a bill theenate had alady approved, it capped days of intense negotiations. the provisions will affect nearly all taxpayers. for individuals making at least $400,000 and couples making $450,000-- income tax rates will go up-- from the current 35% to more than 39%. for that same group, dividend and capital gains taxes will also rise to 20%, from 15%. and all income groups get hit by the expiration of a payroll tax break. it's increasing two percentage points to 6.2% on the first $113,000 of income. ultimately, though, the vast majority of americans get to keep their bush-era income tax cuts, contributing another $4 trillion to the deficit over ten years. republicans made a late push for offsetting spending cuts. when they failed to get them, 151 g.o.p. lawma
but last night, before leaving, he welcomed house approval of the fiscal cliff bill. >> a central promise of my campaign for president was to change the tax code that was too skewed towards the wealthy at the expense of working middle- class americans. tonight, we've done that. >> reporter: the final vote in the house was 257 to 167 on a bill theenate had alady approved, it capped days of intense negotiations. the provisions will affect nearly all taxpayers. for individuals making...
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. >> susie: and house speaker boehner accuses president obama of wasting another week in the fiscal cliff negotiations. >> tom: that and more tonight on "n.b.r."! >> susie: the job market is proving to be surprisingly resilient. american employers hired 146,000 workers in november, much more than expected. and the unemployment rate fell to 7.7%, the lowest level since december of 2008. as erika miller reports, that wasn't the only surprise in today's report. >> reporter: almost no one on wall street saw this good news coming. there was every reason to think hiring would be weak last month. after all, many parts of the east coast are still recovering from devastation caused by superstorm sandy. >> i think the most likely explanation here is sandy's impact was significant but was so short-lived that it didn't extend to the sample period of the employment report which was the week that covered november 12. >> reporter: hiring was also supposed to be weak due to worries about the fiscal cliff. with $600 billion in automatic tax hikes and government spending cuts set to start next yer, why are
. >> susie: and house speaker boehner accuses president obama of wasting another week in the fiscal cliff negotiations. >> tom: that and more tonight on "n.b.r."! >> susie: the job market is proving to be surprisingly resilient. american employers hired 146,000 workers in november, much more than expected. and the unemployment rate fell to 7.7%, the lowest level since december of 2008. as erika miller reports, that wasn't the only surprise in today's report. >>...
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Dec 22, 2012
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some straight talk from president obama tonight about the fiscal cliff. speaking to reporters from the white house he said he's ready and willing to get a comprehensive packageone,ut it's up to republicans and democrats to make it happen. >> nobody gets 100% of what they want. everybody has to give a little. >> susie: the president also proposed a smaller package that prevents taxes for 98% of americans from going up and for unemployment insurance to be extended. he pressed lawmakers to agree on this in the next ten days. darren gersh has details. >> reporter: one day after the collapse of efforts to avoid the fiscal cliff, all sides were speaker boehner tried to shift that burden, saying democrats unemployment insurance to be extended. >> we can't cut our way to prosperity we need real economic growth. and many of us believe on both sides of the aisle that fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work and more americans on the tax rolls. how we get there, god only knows. >> porter: oters
some straight talk from president obama tonight about the fiscal cliff. speaking to reporters from the white house he said he's ready and willing to get a comprehensive packageone,ut it's up to republicans and democrats to make it happen. >> nobody gets 100% of what they want. everybody has to give a little. >> susie: the president also proposed a smaller package that prevents taxes for 98% of americans from going up and for unemployment insurance to be extended. he pressed...
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he urged lawmakers and the white house to reach a quick deal to avoid the fiscal cliff, saying it might mean next year could be "a very good one for the economy." ben bernanke didn't endorse any specific tax or spending policies to solve the fiscal cliff, but he urged lawmakers to think creatively. he said an agreement on ways to reduce long-term federal budget deficits could remove road blocks to growth. on the other hand, going over the cliff might mean a recession. on top of that, worries about a deal were already causing trouble. > uncertainty about how the fiscal cliff, the raising of the debt limit, and the longer-term budget situation will be addressed appears already to be affecting private spending and investment decisions, and may be contributing to an increased sense of caution in financial markets. >> susie: wall street and business leaders were pleased that bernanke was talking tough. and they said the fed's role in the fiscal cliff negotiations is to communicate. >> tell the world and the individuals in the political establishment that they have to help get their act toget
he urged lawmakers and the white house to reach a quick deal to avoid the fiscal cliff, saying it might mean next year could be "a very good one for the economy." ben bernanke didn't endorse any specific tax or spending policies to solve the fiscal cliff, but he urged lawmakers to think creatively. he said an agreement on ways to reduce long-term federal budget deficits could remove road blocks to growth. on the other hand, going over the cliff might mean a recession. on top of that,...
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May 25, 2012
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. >> tom: in the next 31 weeks, expect to hear more and more about the fiscal cliff. if congress and the white house don't come to an agreement, tax increases and government spending cuts are due to take effect. tonight's market monitor says now is the time to take action. robert stovall is managing director and strategist at wood asset management. bob, always great to see you. what is the threat to investors from the fiscal cliff? >> quite a few there, tom. a lot of things happening, or could happen. this fiscal cliff end of the year, with a lot of things likely to happen on the negative side unless congress and the administration change some of the rules. the way things now stand, the tax on dividends and tax on capital gains will rise when the bush tax cuts expire at the end of the year, unless congress steps in and does something and the president signs the bill. in addition to that, you've got the situation out there where the federal government has to move, as i just said, in that direction, and you've got a situation where corporations are going to be facing hi
. >> tom: in the next 31 weeks, expect to hear more and more about the fiscal cliff. if congress and the white house don't come to an agreement, tax increases and government spending cuts are due to take effect. tonight's market monitor says now is the time to take action. robert stovall is managing director and strategist at wood asset management. bob, always great to see you. what is the threat to investors from the fiscal cliff? >> quite a few there, tom. a lot of things...
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Nov 17, 2012
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top democrats and republicans express optimism on avoiding the fiscal cliff after meeting at the white house. today. >> susie: i'm susie gharib. two big banks agree to pay millions of dollars over mortgage bonds gone bad. >> tom: and could it be the end of the twinkie? hostess brands shuts down after 85 years. the company blames a labor union strike. >> susie: that and more tonight on n.b.r.! >> susie: so far so good on the fiscal cliff. president obama and congressional leaders got off to a good start in their first round of negotiations. the president met with congressional leaders who emerged later to say they want to move quickly to prevent automatic spending cuts and tax increases from tanking the economy at the first of the year. but as darren gersh reports, what we are not yet clear about is whether either side is willing to give up enough to get the job done. >> reporter: in washington, they think carefully about the pictures they want to present to the public so this mattered. all four congressional leaders-- democrats and republicans-- after meeting with the president chose t
top democrats and republicans express optimism on avoiding the fiscal cliff after meeting at the white house. today. >> susie: i'm susie gharib. two big banks agree to pay millions of dollars over mortgage bonds gone bad. >> tom: and could it be the end of the twinkie? hostess brands shuts down after 85 years. the company blames a labor union strike. >> susie: that and more tonight on n.b.r.! >> susie: so far so good on the fiscal cliff. president obama and congressional...
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the middle of december, with the fiscal cliff deadline looming, obama was back at the white house. it was finally time to meet with boehner. >> it was an important meeting, because that was like the darkest hour, before the next darkest hour. things had not been going well all week. >> narrator: boehner wanted to return to the grand bargain he and obama had negotiated before the election. >> i agreed to put $800 billion dollars of revenue on the table if the president was willing to make real spending cuts and reform our entitlement programs so they are sustainable for the long term. >> boehner's at the white house and he says, "i'm giving you $800 billion in tax revenue, what do i get for it?" and the president says, "nothing." and what the president meant was, "you already had put that on the table before, i won the election, that's not a concession. you need to come further to me than that. that's thetarting point. that's the ante." >> narrator: the president wanted much more from boehner this time around. >> there were spending cuts that we had agreed to in august or july of 20
the middle of december, with the fiscal cliff deadline looming, obama was back at the white house. it was finally time to meet with boehner. >> it was an important meeting, because that was like the darkest hour, before the next darkest hour. things had not been going well all week. >> narrator: boehner wanted to return to the grand bargain he and obama had negotiated before the election. >> i agreed to put $800 billion dollars of revenue on the table if the president was...
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will convene sunday to focus on the fiscal cliff. in the end, the dow jones industrial average shed 18 points to close at 13,096. the nasdaq fell four points to close under 2,986. also today, the labor department reported the number of new claims for unemployment benefits fell this week to the lowest level since march of 2008. president obama is urging dockworkers and shippers to avoid a crippling strike at atlantic and gulf coast ports. it would be the first since 1977. the workers' union contract expires this weekend, and a white house spokesman said today the two sides need to agree on a contract extension as soon as possible. talks broke down last week in a dispute over wages and royalties. the christmas season storm that blasted the south and midwest swept across the upper northeast and new england today and the death count climbed to 16. the system dumped a foot or more of snow in parts of pennsylvania, upstate new york and new hampshire. in some places, snow brought road travel to a standstill. at the same time, operations at
will convene sunday to focus on the fiscal cliff. in the end, the dow jones industrial average shed 18 points to close at 13,096. the nasdaq fell four points to close under 2,986. also today, the labor department reported the number of new claims for unemployment benefits fell this week to the lowest level since march of 2008. president obama is urging dockworkers and shippers to avoid a crippling strike at atlantic and gulf coast ports. it would be the first since 1977. the workers' union...
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to move forward the stalled fiscal cliff talks. there are now just 18 days before the tax hikes and spending cuts thatake up the clf take efft, and today, there were few signs of progress. as darren gersh reports, the tone of the talks, if anything, is getting worse. >> reporter: house democratic leader nancy pelosi may just have a second career as a stock analyst. her commentary on the markets today was dead on. >> so far, they trust that we would not be so stupid as to go over a cliff. >> reporter: but pelosi made clear what everyone knows-- time is running out to reach a deal by christmas >> we really have to come to some agreement in the next couple of days or the very beginning of next week for us to have engineered our way to a solution. >> reporter: the fiscal cliff is really a negotiation between two men, and one of them today was not sounding very happy. house speaker john boehner brought out the charts to make his case. >> here we are at the eleventh hour, and the president still isn't serious about dealing with this issu
to move forward the stalled fiscal cliff talks. there are now just 18 days before the tax hikes and spending cuts thatake up the clf take efft, and today, there were few signs of progress. as darren gersh reports, the tone of the talks, if anything, is getting worse. >> reporter: house democratic leader nancy pelosi may just have a second career as a stock analyst. her commentary on the markets today was dead on. >> so far, they trust that we would not be so stupid as to go over a...
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they know they're not going to get support from congress and the white house who face a big fiscal cliff. that creates uncertainty in the central bank in our corner as investors hope for the markets. >> susie: and speaking of jobs, what do you expecting for the report on friday? >> well, it's clear the labor market is slowing. we're looking 60 to 80,000 jobs added, and unemployment rate. the kind of report that doesn't give us much cheer because the economy is not really moving forward. >> susie: a lot to look forward to this week. anks nick col from the convergex group. >> tom: jury selection got underway today in a san jose federal courtroom as technology giants samsung and apple battle over what could determine who controls the u.s. smart phone and computer tablet markets. ruben ramirez reports. >> reporter: it's the latest and could be the most-watched high-stakes court fight between apple and samsung over patents. at issue is product design. apple sued samsung claiming samsung copied the look and feel of its iphone and ipad. for its part, samsung claims apple copied the iphone from
they know they're not going to get support from congress and the white house who face a big fiscal cliff. that creates uncertainty in the central bank in our corner as investors hope for the markets. >> susie: and speaking of jobs, what do you expecting for the report on friday? >> well, it's clear the labor market is slowing. we're looking 60 to 80,000 jobs added, and unemployment rate. the kind of report that doesn't give us much cheer because the economy is not really moving...
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Nov 27, 2012
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cliff. and a new report from the white house added to the worries, showing that unless there's a deal on solving the crisis, the u.s. economy would suffer big time. the obama administration's economists estimate consumers would spend about $200 billion less next year than they would have otherwise. congress and the administration have only a few more weeks to nail down a deal. but that deal will have to address some tough issues, including entitlement reform. darren gersh explains. >> reporter: the big money in entitlements is in health care, and that means any grand bargain to avoid the fiscal cliff will slice away aone of the nation's most popular programs. >> medicare is clearly in the gunsights. >> reporter: it's possible congress and the president could agree to save $300 to $400 billion from medicare by cutting fees for doctors and hospitals. but analysts worry slashing payments won't make the health care system more efficient. >> this is not really a way to structurally change medicar
cliff. and a new report from the white house added to the worries, showing that unless there's a deal on solving the crisis, the u.s. economy would suffer big time. the obama administration's economists estimate consumers would spend about $200 billion less next year than they would have otherwise. congress and the administration have only a few more weeks to nail down a deal. but that deal will have to address some tough issues, including entitlement reform. darren gersh explains. >>...
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that means faster housing recove, th mea that thei hoping that the fiscal cliff will prove to fairly benign and it will be avoided and so just generally stronger growth. >> reporter: one other topic of conversation, officials continued to debate changes to the fed's communications strategy. officials are mixed on whether to state specific levels of unemployment or inflation before they would act. ruben ramirez, "n.b.r.," washington. >> tom: it's been just over a year since brokerage firm m.f. global collapsed, and today a congressional investigation laid the blame squarely on former c.e.o. jon corzine. the house financial services subcommittee report says, "choices made by jon corzine during his tenure as chairman and c.e.o. sealed m.f. global's fate." corzine is a former new jersey governor and senator. the report says he missed warning signs of problems, leading to its bankruptcy. $1.6 billion in client money remains missing. no one has been charged with any wrongdoing. >> susie: another dent for toyota's reputation. for the second time in two months, the japanese automaker is laun
that means faster housing recove, th mea that thei hoping that the fiscal cliff will prove to fairly benign and it will be avoided and so just generally stronger growth. >> reporter: one other topic of conversation, officials continued to debate changes to the fed's communications strategy. officials are mixed on whether to state specific levels of unemployment or inflation before they would act. ruben ramirez, "n.b.r.," washington. >> tom: it's been just over a year since...
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president obama and house speaker john boehner met at the white house, with the fiscal cliff deadline two weeks away. it followed reports that boehner has now offered to raise tax rates on those making a million dollars a year. the democrat of hawaii died of resratory complications in washington. he was 88 years old and the u.s. senate's longest serving member. our coverage of this story continues online, with more advice on how to talk to children. kwame holman explains. >> holman: we have tips on coping from a professor of school psychology and parent of two children, stephen brock. get ankery look at our coming story. a special correspondent profiles an indian politician w is both loved and loathed. all that and more is on our web site, newshour.pbs.org. >> ifill: and to a different kind of honor roll tonight, of those killed in newtown, connecticut, on friday morning. as we've reported, there were 20 first-graders and six women in the school, plus the mother of the shooter, who lost their lives. here, in silence, are the names of the 27 victims. 25 photographs were available. firs
president obama and house speaker john boehner met at the white house, with the fiscal cliff deadline two weeks away. it followed reports that boehner has now offered to raise tax rates on those making a million dollars a year. the democrat of hawaii died of resratory complications in washington. he was 88 years old and the u.s. senate's longest serving member. our coverage of this story continues online, with more advice on how to talk to children. kwame holman explains. >> holman: we...
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. >> the fiscal cliff deal gets in a little bit too but everyone. secretary of state and i clinton recovering from a major health scare and a preview of the president's new cabinet. forget the politicians. invite this young man. captioned by the national captioning institute --www.ncicap.org-- >> happy new year. the good news is we did not go over the fiscal cliff, not quite, not without controversy. as we approach the end of the year, the speaker of the house confront the the majority leader and urged them to perform an anatomically improbable act upon himself. this is wh passes for frugality in our nation's capital. of course, they got the work done, but it displeased republicans looking for spending cuts, not tax hikes. >> i think it was a lousy deal. it raise taxes about $620 million and it will hurt the economy and kill jobs. >> this is just one step in the broader effort to broader opportunity for everyone. >> president obama and the new republican senatorrom tex, ted cruz. contrary to what you have heard, we did not face up to an economic cri
. >> the fiscal cliff deal gets in a little bit too but everyone. secretary of state and i clinton recovering from a major health scare and a preview of the president's new cabinet. forget the politicians. invite this young man. captioned by the national captioning institute --www.ncicap.org-- >> happy new year. the good news is we did not go over the fiscal cliff, not quite, not without controversy. as we approach the end of the year, the speaker of the house confront the the...
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could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice president, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with
could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go...
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the pace of fiscal cliff negotiations. the index shrugged it off, ending higher by four tenths of a percent. volume was 677 million shares on the big board; under 1.8 billion moved on the nasdaq. all ten of the major stock sectors rose. the telecommunications sector had the strongest gain, up nine tenths of a percent. the health care, materials and utilities sectors were each higher by six tenths of a percent. health insurance giant united healthcare led its sector and the dow industrial stock average. trading volume almost doubled with the stock up 3%. on monday, the company's profit prediction for next year was less than anticipated. but with today's rally, shares have recovered from that sell- off and then some. retail continues to be in focus. the calendar month may not be over, but for several stores, the sales month for november is in the books. 17 chains reported sales at stores open for at least year. overall, sales were up 1.6%, according to thomson-reuters. that's only half the growth expected. the impact of hurr
the pace of fiscal cliff negotiations. the index shrugged it off, ending higher by four tenths of a percent. volume was 677 million shares on the big board; under 1.8 billion moved on the nasdaq. all ten of the major stock sectors rose. the telecommunications sector had the strongest gain, up nine tenths of a percent. the health care, materials and utilities sectors were each higher by six tenths of a percent. health insurance giant united healthcare led its sector and the dow industrial stock...
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and you found that at the white house today where he gave a speech talking about the fiscal cliff, introducing the hashtag-- which is a way of grouping something-- my2k, which is a playoff of waoeubgt, ther of y2. he's saying if you don't do something you are going to have to pay as middle-class taxpayers, $2,000 allegedly. >> if congress doesn't stop the automatic tax hikes. >> brown: but this was in the context of a whole week where he's making his play, right? but doing it online? >> it's fascinating with the president of the united states building it around a twitter campaign, we've come to take that for granted but i did a little search for this my2k. on twitter. barack obama comes up second. you know what comes up first? the conservative heritage foundation which bought a promoted tweet, which means theirs goes to the top of the list and it says "four reasons why warren buffett" the ally of the white house on this "is wrong on tax hikes." >> but the interesting something that now any time anyone types up on twitter "my2k" which was a white house-created hashtag, you get the heritage foun
and you found that at the white house today where he gave a speech talking about the fiscal cliff, introducing the hashtag-- which is a way of grouping something-- my2k, which is a playoff of waoeubgt, ther of y2. he's saying if you don't do something you are going to have to pay as middle-class taxpayers, $2,000 allegedly. >> if congress doesn't stop the automatic tax hikes. >> brown: but this was in the context of a whole week where he's making his play, right? but doing it...